The Headlines Say “Strong Economy”… But Let’s Look Closer So here’s what they’re telling you: jobless claims dropped to 207,000. Better than expected. The labor market is “resilient.” Everything’s fine. I’ve been in this game long enough to tell you—that’s only half the story. Yes, fewer people filed for unemployment last week. But zoom out just a little and you’ll notice something interesting: continuing claims are rising. That means once people lose a job, they’re having a harder time finding a new one. That’s not strength. That’s friction. It’s like a car that still starts every morning—but the engine’s making a noise you’ve never heard before. You don’t ignore that sound. You pay attention. Gold at $4,800: Strong… But Strangely…
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